Friday, June 3, 2011
Phish and Memorial Day
Memorial Day has always been one of my favorite holidays. It just feels like summer now, and the way the phone has been ringing means that buyers are out there looking for that place to escape to for the summer. Once again I have a full weekend docket.
There were 6 listings sold in Sullivan County this week. Actually one is in Delaware County, however it is significant enough (829K) that I included it.
Sullivan County Sold
Greater Hudson Valley Sold
My "pick" of the week is a 130 acre piece in Lumberland on Kalin Webber Road. It is vacant land. It has been on the market for over three years. Original price? 995K. They have dropped it too 430K, and who knows where it will end up, and when it will sell. Is it now priced where someone might jump? Hard to tell, but half a million off your original asking price is pretty hefty. Just another example of the champagne wishes and caviar dreams that fueled the bubble, and are now starting to fizzle away.
Lumberland vacant land